AcSB exposure draft for private sector not-for-profits

Event Details

The Accounting Standards Board (AcSB) has just issued a new exposure draft, Accounting Standards Improvements for Not-for-Profit Organizations.

The exposure draft focuses primarily on tangible capital assets, intangible assets and collections held by not-for-profit organizations (NFPOs). It’s in response to some of the feedback received on the April 2013 joint AcSB/Public Sector Accounting Board (PSAB) Statement of Principles, Improvements to Not-for-Profit Standards.

Comments are requested by May 31, 2017. Get more information by visiting the AcSB’s Accounting Standards Improvements for Not-for-Profit Organizations project page.

WHY SHOULD YOU PARTICIPATE?

The proposals have the potential to affect all NFPOs in the private sector that own assets. This webinar gives you an opportunity to provide initial feedback on the proposals.

WHAT WILL BE COVERED?

• the exposure draft proposals, such as the requirement to recognize partial impairments of assets, and recording collections at cost or nominal value
• the current accounting requirements related to the proposals
• the new AcSB NFPO Advisory Committee
• how you can provide input on the proposals

More Details:

Contacts

Please contact:

Grace Lang, principal, Accounting Standards Board
Tel: 416-204-3478
Email: glang@cpacanada.ca

CPA Canada Customer Service Support
Tel: 416-977-0748 or Toll Free 1-800-268-3793